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20121205
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English 147
Search Results 0 to 49 of about 147 (some duplicates have been removed)
CNBC
Dec 7, 2012 7:00pm EST
to speak of. no discussion of spending cuts. obama wants even more spending increases. and a lot of republicans, conservatives, are saying you know what? we don't want a tax hike at all. we give boehner credit but we don't want a tax hike. this is not the time. it's a very anemic economy. let's just let the democrats have their tax hike and we'll be done with it. other than that, jimmy, i don't think this thing gets done. that's what i'm coming around to. >> well, i think that there's a chance to that. a chance for that to happen in the scenario that you just described. but i don't think that is what happens. frankly, i think with the vice president saying today that the issue of whether the top rate is 39.6 or 37 it's really doesn't matter. that was a huge olive branch as our colleague just said. this is a signal, a smoke signal like a vatican smoke signal sent from the administration to speaker boehner today. >> but that's been out there before. >> i understand that. >> there's only a handful of republicans, what are you going to get, a percentage point? mark seimone, boehner w
FOX News
Dec 4, 2012 4:00pm PST
. well, 28 days to go until tax cuts expire for most americans if president obama and congress can't cut a deal to keep us from going off the fiscal cliff. the president says the latest republic offer is out of balance because it extends tax cuts on income of above $250,000. g.o.p. leaders claim they can raise revenue without raising rates by closing loopholes and limiting deductions. but the white house says it's about the rates. ed henry is at the white house tonight. the president claims the republic math does not add up. >> that's right, shep. he met with the nation's governors today. he said behind closed doors that there is a lot at stake not just for the national economy but state by state. some of their budgets could take a major hit if, in fact, the nation goes off the so-called fiscal cliff. his spokesman jay carney was even tougher in going after speaker john boehner's latest proposal in saying it simply doesn't add up. >> we don't know who pays. we don't know what we're talking about in terms of actual legislation to increase revenues. it's magic beans and fairy dust. >> the
MSNBC
Dec 7, 2012 10:00am PST
on the entitlement cuts that president obama has laid out or more entitlement cuts, but something. i think john boehner has to go back to his members and say look, president obama won the election, polling suggests we republicans lose if we go over the cliff, and i got this one thing that's going to mitigate your unhappiness over the fact that we're moving up rates on the wealthiest americans. he needs the third part to sell the whole package. >> and david, there is a jobs report today which sort of mixed news for everyone. it's a good number, down to 7.7%, unemployment, 146,000 new jobs added but the downside is that fewer people were in the labor force a lot fewer, because people gave up on even trying. >> i think this is one of the more provocative questions and get to it on sunday, which is, are we too focused on the debt. are we not focused enough on what the government can be doing to try to spur job growth? beyond just -- >> there was a stimulus piece in the offer from the white house that was laughed at by the -- >> laughed at but could end up surviving. one of the things about the pres
NBC
Dec 5, 2012 6:30pm EST
this warning to republicans. amid reports they may accept mr. obama's plan to extend tax cuts for most americans while allowing them to go up for the richest, and start the fight all over again during debt limit talks early next year. >> that is a bad strategy for america. it is a bad strategy for your businesses. and it is not a game that i will play. >> reporter: and brian, tonight, the white house is preparing in case the country does go over that fiscal cliff, budget officials have asked all federal agencies for information that they need in case of possible plans in case of those automatic spending cuts that could go in place in just 27 days. >> peter alexander at the white house for us tonight. thank you. >>> and up next, the loss today of a legend in american music. i put away money. i was 21, so i said, "hmm, i want to retire at 55." and before you know it, i'm 58 years old. time went by very fast. it goes by too, too fast. ♪ but i would do it again in a heartbeat. [ laughs ] ♪ ♪ i took my son fishing every year. we had a great spot, not easy to find, but worth it. but wi
CSPAN
Dec 6, 2012 7:00am EST
that the spending cuts go up and become more immediate. considering that obama has been open to spending cuts in previous negotiations and says he is open to it now and republicans have changed from where they were a year ago when it comes to tax increases, i think it will not take too much to get their, although there are still obstacles. host: the $1.60 trillion and $800 billion are the opening numbers. where are we with those numbers now. have those numbers been altered? guest: i do not know if republicans have gone above $800. the question will be, will obama be able to get above $800. once you start talking about the $1 trillion number, that is a politically sensitive number. obama might want to get above $1 trillion. republicans will want to keep it below $1 to win. host: are the senate ways and means and finance committees involved in these discussions? guest: sam bachus, the ways and means chairman, they're keeping in touch. their staff are very involved, because they're the guys who know all about taxes. they are definitely going to be involved in negotiations, even if they are sligh
MSNBC
Dec 11, 2012 7:00am PST
cliff hostage. and that's really unacceptable. president obama has put spending cuts on the table. he's put an increase in the tax rates for the wealthiest americans on the table. we've put making sure that we have p get a tremendous amount of savings out of the entitlement programs. what have the republicans put on the table? virtually nothing. it is time to be rational and compromise. >> to that point, what haley barber said this morning about the possibility of compromise. he was on "morning joe" today. >> as a republican, i would take raising the rates on the two top brackets if, in return, we had tax reform laid out over a period of months, if we had entitlement reform. i would hold my nose despite the facts that raising those two tax is bad economics, bad for jobs, going to hurt the economy. i would hold my nose to get the other done. what i wouldn't do is vote for that and do nothing else. >> does he have a point? are democrats really prepared to deal with entitlement reform to maybe substantive cuts, the kinds the republicans are calling for? >> chris, hail by barbour mentione
FOX News
Dec 8, 2012 10:00am PST
that obama will have to come to the table with more spending cuts and entitlement reform and republicans might have to give in to some tax increases and the cbo do a recent report, saying if republicans get what they want in extending the entire bush tax cut plan. it would only increase the gd growth by 1.5%. if we do what president obama wants to do, it will only increase the gdp by 1.25%, having said that, it's just not about tax cuts, doug, it's more about cutting wasteful government spending. >> i was going to ask doug about that. doug, would you admit. since we have a democrat in the white house and also, the senate is democratically controlled. would you agree and how much is there of wasteful spending in washington? >> oh, there's a lot of wasteful spending, it's been around for before president obama was in office. and as i said before, he has, with the house republicans has already signed in law a trillion dollars in cut. and he'll do more. and i think that's encouraging and i think that shows he's willing to be plexable there, to angela's point which i agree with, a lot of what
CSPAN
Dec 10, 2012 5:00pm EST
the bush tax cuts and the obama tax cuts which have severely reduced the amount of revenue. the tax burden on americans from the federal government today is at an 80-year low. we simply cannot find the government with their revenues and the loss of jobs that we have. >> host: let me go back to you on that. is that true? >> the cbo has done a study. he got rid of all the current tax cuts, including the payroll tax cut, all parts of the biggest tax cut, not just the top level, and you have sequestration, so you actually have spending cuts, you could reduce that federal budget deficit to about 250- $300 billion in very short order. so this is a combination. we have had spending increases. let's not kid ourselves. we're coming of the worst. were spinning is dropping precipitously, and we're still running trillion dollar deficit. it's not all about the worst. it's about taxes and other spending. in the future let's not forget it will be in the social security and medicare and medicaid and all of which go into making ---financing around the end of the decade. that's not right. karen simple. but
CSPAN
Dec 11, 2012 12:00pm EST
: they have more emphasis on spending cuts than president obama and john boehner has come up with about $2.2 trillion plan over 10 years. he offered 800,000, i'm sorry, 800 billion in revenues, which he would like to get from tax reform, broadening the base, removing some of the tax deductions. without raising the income tax rates on the higher income households. and that is the sticking point. president obama has offered not real specific plan for spending cuts. in fact he has offered to, he wants to do a little bit of economic stimulus for job creation. but he has offered about 400 billion in medicare cuts as a starting point. but president obama is, seems to be going to the mat on raising the top two tax brackets for households earning 250,000 or more. and this is what the republicans, political and for historical reasons have had the most trouble with. >> host: house republicans according to the "usa today", we're looking 300 billion in mandatory savings and 300 billion in discretionary savings. that is their proposal so far put out by the speaker. what are we talking about here? >> gu
FOX News
Dec 8, 2012 8:00am PST
. >> ceo's work for shareholders. i think in this case speaking out against obama care which is a substantial costs that weigh on profits is something they should do. it is proprofit to talk about a law to let the nation know and lawmakers know what will cut in profits and so in this case, i think they should speak out. i question whether lower sales are relate to obama care. >> that's what they are saying. the hit they took from the press about critizing obama care led to people not frequenting their restaurants. john and i could mike a point of buying humus from whole food because we support the libitarian views of the chairman. but there is it the guy who applied the pizza topping voted republican once. let's boycott it it cuts both ways. >> by the way morgan, it is not only olive garden but papa john. >> bad press is bad for business. the ceo came out and said obama care would lead to 14 cents more per pie and one of our reporters did the math metics and found it was four cents a pie . since then. since then, the ceo back tracked and it makes the company look silly and gr
MSNBC
Dec 10, 2012 10:00am PST
this weekend. president obama taking his message of middle class tax cuts and tax increases for the rich to detroit today. just as michigan is facing a big vote against union organizing in a state long identified with the labor movement. joining me now for our daily fix, msnbc contributor and managing editor of "post politics.com". good day to you. well, first of all, the labor movement really on the ropes now in michigan of all places. michigan where detroit, of course, was the heart of the auto movement, the auto union, and now you've got a vote -- final vote is tomorrow as the president is being greeted by rick snyder, the governor, who says he will sign that, and to union right to work legislation. what does that really mean? >> well, so what you have here, this is something that's passed in 20 plus states. what it essentially says is you do not have to pay union dues in order to be employed. unions view it as a direct attack on their -- the power of organized labor, which comes at least, in part, politically speaking from union dues. look, here's the issue. the state senate and the
NBC
Dec 9, 2012 11:00am EST
they can put up with and what they want and that's why i think we will see obama soon move in boehner's direction, after another week or so of brinksmanship, we will see obama say, hey, look, i'm coming forward with entitlement cuts that i'm willing to propose publicly. chris: i got to check this. would you confirm that? you know these people. >> all of the components of the deal are there. when people ask me why did conditioning leave town? because the people who matter in the deal stayed in town. all the various members of congress could go home, it gets them out of the way and deal talking can go on. the brinksmanship is political theater and necessary in the process. chris: both pretend they're willing to go over? >> to both show resistance and then incrementally get towards -- chris: you covered the greek situation and watched the hell that went on over there. give me a picture of that and where we're headed if we don't deal in the short run with the debt problem and the cliff and later on, what do we face in this country? >> greece is a perfect example when you continue to borro
CBS
Dec 7, 2012 7:00am PST
ago on msnbc's "morning joe," president obama's senior adviser cut off his mustache for a good cause, agreed to shave after raising more than a million dollars for epilepsy research. his wife runs a nonprofit organization dedicated to that cause. their oldest son has epilepsy. i think david looks good. >> a man can go without a mustache, but certainly a worthy cause for him to give it up. >> that mustache is older than i am, charlie. >> i won't ask. >>> it is hard to imagine why anyone would confess to a crime that they would not commit, but it does happen a lot, especially in chicago. this sunday, "60 minutes" looks why this city has seen twice as many false confession cases as any other. byron pitts interviewed one man after being exonerated after spending 15 years in prison. >> 17, still in high school, never been in serious trouble when another teenager from his neighborhood implicated him, vincent, michael and harold in the rape and murder of a 30-year-old prostitute named nina glover. >> did anyone ask you, did you murder this woman? >> that was the first thing they said. rape
MSNBC
Dec 5, 2012 1:00pm PST
agree are more harmful than what obama is proposing by raising the upper two brackets. and then this party that paraded around as the big deficit hawks, the guys that wanted to control spending, the only cuts they put on the table is playing at margins, increasing retirement age from 65 to 67 and adjusting rates for social security. this hasn't presented itself as a party that wants to cut spending. on one hand you have president obama's proposal, which most agree is the responsible way of raising the debt, raising rates. and responsible cuts on entitlements and discretionary spending versus republicans who are divided against something that is a chicken hawk when it comes to the deficits, that is the boehner approach, or the more extremist position which is absolutely nothing.ç so this is an extraordinary position for the republican party to have evolved into. >> you must respond to what julian just said. >> i like julian an awful lot but i think what he said is entirely wrong. it's fascinating president obama last july, july of 2011, said we can get $1.2 trillion i
Current
Dec 4, 2012 11:00pm PST
without higher tax rates for the wealthy. >> obama: if we're going to raise revenues that are sufficient to balance with the very tough cuts that we've already made, and the further reforms and entitlements that i'm prepared to make, then we're going to have to say the rates on the top 2% go up, and we're not able to get a deal without it. >> jennifer: and jay carney piled on the g.o.p. plan. >> we don't know who pays. we don't know what we're talking about in terms of actual legislation to increase revenue. it's magic beans and fairy dust. >> jennifer: magic beans and fairy dust. those are fighting words--frilly fairytale fighting words but still fighting words and boehner came back with a few verbal jabs of his own saying, quote, if the president really wants to avoid sending the economy over the fiscal cliff he has done nothing to demonstrate it. but even as the democrats pound him from the left, he is taking punches from the right. the leader of the right's rebellion is, of course, grover norquist. he said the president has installed himself at loyalty, and boehner is not being suffi
FOX News
Dec 5, 2012 3:00pm PST
have to rethink the idea this is obama's idea if we get the huge cut in defense that are unsupportable. >> they are bluffing that they don't care about going over the fiscal cliff. a bluff. it will send economy in a tail spin. >> i don't think so. the president is fine going over the cliff. if you look what he gets and the ability to play hero if the country went over the cliff, the president can remedy two problems that democrats faced for years. he becomes a huge tax cutter. he can restore the defense cut. i think the point that you are making are logical and correct, that is not how it plays out. perception is as much as anything else. you looking at a media eager to blame republicans on this. >> that's why i'm correcting them. >> you are correcting them. >> bret: we have an online show to talk more about this. >> i'm correct them even more. >> bret: you can correct them more in a much more relaxed atmosphere. tune in. next up, look at the front runners for yes, 2016. [ fishing rod casting line, marching band playing ] [ male announcer ] where do you hear that beat?] campbell's heal
MSNBC
Dec 8, 2012 12:00am PST
of president obama's job initiatives including the american jobs act and had passed the middle income tax cut. >> so let's cut to the chase. one of those congressional members is lying. either the republicans are right on cutting taxes on small business also add jobs, or the president's stimulus policies are fuelling the economic recovery in this country. joining me tonight to sort out the facts, david cay johnston, pulitzer prize winning journalist and author of "the fine print. let's start with the job growth. unemployment hit rock bottom near the beginning of the -- under the bush administration. you can see this right here. and this of course the changing the color here is when president obama took over in january of '09. who is responsible for this turnaround? >> absolutely the president. and it would be a better turnaround if the republicans had allowed a bigger stimulus. we'd have many more jobs. >> you'd make the case we didn't spend enough on the economy? >> not only did we not spend enough, but we wasted 40% of it on tax cuts for small business, which is inherently savings and not s
CNN
Dec 8, 2012 3:00pm PST
it is for president obama and congress to make a deal, cutting spending and raising revenue. adding to the sense of urgency. news that 350,000 people simply gave up looking for work in the month of november. and while that drove the unemployment rate down to 7.7%, the fiscal cuts and tax hikes are expected to dramatically slow job creation and increase unemployment possibly plunging the economy back into a recession. let's go to dana joining us from capitol hill. the latest negotiations don't seem to be going anywhere. >> they sure don't. the house speaker ended the week by calling it a wasted week. he only had one phone call with the president of the united states and he said it was just, "more of the same." now counter offer to what the republicans put out during the week which was $800 billion in new tax revenue. so there's certainly a lot of frustration. particularly right now on the side of republicans who understand that democrats have the leverage right now. but on friday, the speaker did do something that seemed to indicate a little bit of day light. and that is he declined to put a line
MSNBC
Dec 6, 2012 12:00pm PST
or the righteous thrill of cutting medicaid assistance from those obama-loving takers. for nearly 100 years now you were just this boring, nondescript wallflower, never drawing attention to yourself. when congress through spending and tax cuts came up against your limits, you were wordlessly elevated. they barely gave you a second glance. it was a waste of time to deal with you, but waste of time is what congress does. 74 times you have been raised since the '60s. you saw wars, peace, a man on the moon, and no matter how you batted your fiscal eyelashes, nobody cared. invisible. now, all of a sud be the tea parties can't keep their hands off you. like a case of fiscal syphilis you put the entire body in peril, and i know this disease is no fault of your own. congressional republicans have decided that consequences be damned, threatening the country with national default by refusing to lift you after having already voted to cut taxes and spend until you absolutely must be raised is somehow a useful tool for getting their way. i know you love all the attention, but seriously, debt ceiling, this isn't
MSNBC
Dec 10, 2012 2:00am PST
prices are expected to keep falling as refiners cut how much they're charging distributors and retailers. >>> president obama and john boehner are keeping mum on their face-to-face negotiations on sunday. as the clock ticks down it appears some republicans may be softening their stance. nbc's brian moore has the very latest on this story. >> reporter: president obama and house speaker john boehner were behind closed doors trying to break the tax and spending stalemate that threatens to take the country over the fiscal cliff in just over three weeks. meanwhile, one by one republicans are bowing to the president's demand that takes go up for the wealthy. >> will i accept a deal? >> yes. >> we don't have a lot of cards before year end. we have one house. that's it, the presidency and the senate. it's in the democrat's hands. >> since we agree with the democrats, 98% of the american people and 80% of the bush tax cuts, i would get that off the table now so they don't worry about it. >> democrats insist taxes are going up on the rich no matter what. >> if you don't increase tax rates 2%, you
NBC
Dec 10, 2012 4:30am EST
two months ago. the survey finds prices are expected to keep falling as refiners cut how much they are charging distributors and retailers. >>> president obama and house speaker john boehner are keeping mum on their face-to-face negotiations at the white house sunday as they try to avoid the fiscal cliff. as the clock ticks down, it appears some republicans may be softening their stance. brian mooar with the latest on this story. >> reporter: president obama and house speaker john boehner were behind closed doors trying to break the tax and spending stalemate that threatens to take the country over the fiscal cliff in just over three weeks. meanwhile, one by one republicans are bowing to the president's demand that taxes go up for the wealthy. >> will i accept a tax increase as a part of a deal to actually solve our problems? yes. >> we don't have a lot of cards as it relates to the tax issue before year end. i mean, we have one house, that's it. the presidency and the senate in the democrats' hands. >> since we agree with democrats, 98% of the american people and 80% of the b
CSPAN
Dec 10, 2012 12:00pm EST
that president obama will cut a deal or try to with the iranian regime over their nuclear weapons program that will, in fact, sacrifice the people of the iran. i would like to ask ali if you can add to some of those good suggestions that emanuele made earlier about tying in the human rights agenda and the nuclear agenda. i believe the best investment we can make is help the people i read get rid of the regime. >> thank you for the question. the united states has a fairly good experience in this regard many people in the group assembled here today belong to the right age group. you remember, some of you, the bad old days of the cold war but you also remember how the united states managed to start the helsinki process with the soviet union. the idea was that negotiations between the u.s. and the soviet regime -- and the iranian regime should not only be about nuclear proliferation but also a human in. in the soviet society, they felt there is international support and i knew there was a government outside their own totalitarian system trying to give them a push. that was important. another
FOX News
Dec 11, 2012 3:00pm PST
mcconnell fired back that president obama can't get fellow democrats to back real spending cuts. >> we with r running out of time. time to to see if the president is willing to cut any spending at all. >> ia carney held up the president's budget plan again. >> it's not a mystery. we have seen this before. this is the document that contains the specific spending cuths. >> except in that budget, the president includes $100 billion in medicaid cuts. that would have come from shifting more costs to states. yet; just yesterday the department of health and human services revealed it no longer supports those cuts. because the supreme court landmark healthcare decision allows states to opt out of the new laws medicate expansion. when carney was pressed today on how to white house will make up the spending cut, he hedged minutes after demanding more specifics from bane baun on taxes. >> i have to get you more -- see if we have more specifics for you. >> this comes a the white house thinks the heavy pressure from the fellow democrats who today demanded no cuts to any of the health entitle
CSPAN
Dec 6, 2012 10:00am EST
sure they get spending cuts to go with it. president obama said 1.6 in tax increases and spending cuts won't take place until next year. by considering that obama has been open to spending cuts in previous negotiations, and says he's open to it now. and republicans have changed from where they were a year ago when it comes to tax increases, i think it won't take too much to get there, although -- >> that segment and more at our special webpage c-span.org/fiscal cliff. now to the senate side of capitol hill for gos on the pending tax hikes and budget cuts. >> there's enough writing on the walls to fill quite a few pages about republicans deciding the right thing to do is protect the middle class. and we need to do it now. it's really important that this holiday season that the middle class is not going to be burdened with the thought that they may hit a $2,200 a year tax increase. there have been positive developments this week. we've had a list of republicans that have decided clearly that the best interest of the american people is to pass the bill we passed here last july, confirming
MSNBC
Dec 5, 2012 3:00am PST
differences. boehner would cut much more. obama's view is we've cut so much from that already we have to be careful how much more we cut. >> when you talk about discretionary spending cuts, a big difference between defense cuts and domestic cuts. does it go after defense spending the way he has? >> he hasn't spelled it out yet. we don't know. r&d, a lot of investment programs we think we need to keep this economy growing. >> can i ask a question? what makes up the difference between the bowles-simpson proposals and the other ones? why is that so much higher? what are they leaving out? >> there were more tax increases. it was light on entitlements. >> okay. >> where did bowles-simpson get the revenue. >> they eliminated a whole slaw and lowering rates and also a tax on gasoline. >> they let the bush tax cuts expire, right? >> initially they did and then were going to do tax reform. >> would they increase the taxes on the rich? >> yeah. >> they would? >> yes. >> to the same extent? >> i would have to do the math. >> don't you do any homework? >> numbers cruncher. dad, thank you so much.
MSNBC
Dec 7, 2012 5:00pm PST
season. president obama continues his pressure campaign to pass the tax cuts. the president is also taking time to be fesive. john boehner doesn't sound so merry. >> no progress report because there's no progress to report. when it comes to the fis e call cliff that's threatening our economy and threatening jobs, the white house has wasted another week. >> the phone call was pleasant, but was just more of the same. the conversations that the staff had yesterday, just more of the same. it's time for the president if he's serious to come back to us with a counteroffer. >> even though the president apparently designed the negotiating sessions at boehner's request. according to "the new york times," boehner insisted the talks include only himself and the president of the united states. boehner wanted senate democrats and nancy pelosi out of the discussions. democratic senator dick durbin told the times this is now the speaker and the president working this through. democratic leaders say they are satisfied with the briefings that they continue to receive. nancy pelosi seems perfectly ha
FOX Business
Dec 6, 2012 7:00pm EST
thinking -- >> what they are saying is that obama will have to give more, than entitlement cuts and spending cuts and republicans might have to acquiesce to tax hikes. lou: what is the republican party coming, monica used expression political party suicide, i don't know if that drastic but there is a defeatism i find astonishing. >> they hope to stan strong together in one message, we need a warrior that is why i'm delighted that jim demint is leaving and going to the heritage foundation, we don't have a clear champion on our issue, senator rubio does a great job but we need more out there jan the kuh cuban guy from florida. lou: i tell you, right now, i may be insulting a lot of people, but he is the most ex fisk communicate or -- effective communicate or the republican party has but he is not talking about the fiscal cliff. >> he said we have to did is not create new taxes but new tax payers, not make the richer poorer but the poorer richer. lou: that is a great slogan. >> you have to create policy, we're 25 days away from the fiscal cliff. >> to your original question about l
CSPAN
Dec 11, 2012 8:00pm EST
. speaker boehner says he is waiting on president obama to outline spending cuts. this is kind of a strange thing for the speaker to say. president obama outlined specific cuts in his proposal to the republicans. republicans have not offered anything specific in cuts whatsoever. and nothing specific in revenue whatsoever. all generalizations. republicans want more spending cuts. tell us what you want, we say to them. we cannot read their minds. we will not make a proposal for them. they know that we are willing to make tough choices on these issues. i hope they understand by now that we will look out for the middle class first. illinois standing in the way of an agreement is republicans. -- the only thing standing in the way of an agreement is republicans. there is a lot of bluster coming from the republicans about society kremlin quickly. every day -- crumbling quickly. they are calling on the speaker to let tax rates rise. yesterday it was coburn. today was another. he said he would take raising rates are the top 2 bracket -- and went on with other things he wanted. he wants the rates to
CNN
Dec 4, 2012 6:00pm PST
to bring in a man who says president obama's plan would create jobs and cut the deficit. he's democratic congressman chris van hollen, maryland, ranking member of the house budget committee. welcome to you, sir. you said today -- >> good to be with you. >> good to be with you, too. we're in the fourth quarter as we approach the fiscal cliff. if we can deliver like rg iii delivers, we'll be doing well. the question i would ask is why the hell are we in the fourth quarter? why wasn't this done in the first quarter? >> well, piers, as you know, there were a number of efforts before the election to get this done and there were major differences between the parties, and those parties became a big part of the conversation during the presidential debate. the president could not have been clearer that he wanted to do two things. he wanted to boost economic growth by doing things like investing in our infrastructure which used to be a bipartisan idea, but also, extending middle class tax cuts and as you said, asking the wealthiest to pay a little bit more to reduce the deficit. that was part of t
MSNBC
Dec 5, 2012 9:00am PST
that the boehner rule, i. efrmgts any extension of the debt limit must be matched by matching spending cuts the norm from now on. seems president obama does not want to play that game as he said. walking away from the press conference today withes the gop leadership on capitol hill, a x alex, they're still engaging in the trench warfare. i asked speaker boehner about the $250,000 bush tax cuts, all the polling shows the country will think republicans are to blame if we go over the fiscal cliff, six out of ten voters in november said the tax rates should go up, how much longer can he afford to politically keep this pledge and he said look, you heard it there, the rates when we close the revenues, loopholes will go up on the rich people. that still is the mindset. what's interesting, is talking to republicans leaving the house conference gop conference this morning, there is a lot of support for speaker boehner. there aren't cracks like there were during the debt limit where he had a faction that was lining up against him wholeheartedly. even after yesterday we heard all the stuff of fallout
FOX News
Dec 8, 2012 1:00pm PST
obama an open checkbook to run up the debt even more. we need to cut spending and keep the cap in place. joy right now as it stands, the -- >> right now the president's plan calls for 1.6 trillion in tax increases. that's double what was previously suggested and 200 billion in new stimulus spending. john what guaranteed cuts is the president offering, guaranteed cuts? >> well, he has already agreed to a trillion before, and he talked about more now. i think we all know economists and business people are cutting their way out of the problem. it is an approach that is cuts to entitlements and tax increases. it is the only way forward. when you think of entitlements almost every penny goes into the economy quickly. if you are talking about cutting entitlements that will have a devastating impact on the economy. >> let me clarify here. everyone agrees the changes in our taxes and entitlement cuts. i want to know what guaranteed cuts the president is offering. >> i am not aware of what cuts he has put on the table. let's just look at the consequences as well if the debt ceiling is raised. wh
CBS
Dec 7, 2012 5:00am PST
and spending cuts happen on january 1st. president obama visited a northern virginia family who would suffer finally if a -- financially if a deal isn't reached. the president's approval rating is at its highest point since the raid that killdee killed osama bin laden. 42% believe the nation is heading in the right direction. >>> the san diego zoo two new additions. they're 14 week old clouded leopard cubs and their adorable. they are brothers and playful. they like to pounce on each other and climb and use each other as trampolines. they arrived earlier from the nashville view where there's a successful breeding program saying hello for the endangering expertise. they are adorable but grow into big guys. >> you want to take them home until they get really big. >> and send them back to the zoo. >> it's 5:20 hoping to stop the slide. did the raiders beat the broncos in oakland last night. >> i think we all know. >>> he's back at it, the dunk by lebron james that has earned our play of the day. >> did the raiders play in oakland yesterday, that's a better question. here's your snow report. if
MSNBC
Dec 11, 2012 2:00pm PST
the republicans have reached the end of the line. they're hoping obama will show his cards and come out with cuts for entitlements and then they will show something on tax cuts. >> he has no incentive to do anything at least publicly. >> will they show their cards on tax cuts first ? >> they have to. >> who is going to show their hand first. >> the republicans. they're going to have to. obama can stand pat and he's doing it right now. he can be cool hand luke. >> i think that's the way he is playing, very cool. thank you. he's going to force john boehner to come out and say what he wants done to protect the rich people or not protect them. thank you ron reagan, thank you and dana mill ban. >>> a big anti-union vote in mooer michigan is coming up. a right and left going at it. it isn't about gutting unions. a lot of people think so. stf about lowering wages and hurting democrats? you bet. >>> plus the most talked about movie in hollywood hasn't even talked about. it's about torture. many critics say "zero dark thirty" suggests without torture we wouldn't have gotten the guy. it's going to be hot.
FOX Business
Dec 5, 2012 7:00pm EST
at is people, perhaps, moving to get ahead of the obama administration's new and highly unattractive tax plan for investors. big winners on the day, financials, citi group stock up after announcing they are laying off 4% of the work force, cutting cost, bank of america and travelers example of the financialses moving higher. marathon, chevron, conoco all higher. crude oil down for a second straight day closing under 88 a barrel, and ten year treasury down to 1.59%. no progress in resolving the fiscal cliff today. i know, you're not surprised by that, but we can report there were, well, some contact between the two principle players in the negotiations if there were negotiations. president obama and speaker john boehner actually talked to one another. it was on the telephone. it was not the face-to-face meeting the speaker says is necessary, but it was the first time that the two men have spoken in a week. for the latest on these stalled negotiations, we turn to fox news chief white house correspondent ed henry for the report. >> trying to lay blame for stalled budget talks on republicans, pre
MSNBC
Dec 10, 2012 6:00am PST
tax cuts to expire for everybody. it proposes tax reform that would produce another trillion in tax revenue t. could produce more revenue than the proposals from president obama or speaker boehner combined. in addition simpson bowles would cut spending by nearly $3 trillion, half that have coming from national security. that's right. more defense cuts. than people have been talking about. it all adds up to around $4 trillion worth of deficit reduction. the plan also reforms social security to raise the retirement age and raise the maximum amount you can tax. and for the middle class it would turn mortgage into a 12% tax credit. co-author of the plan alan simpson said on cbs' "face the nation" there's no easy way out of this debt problem. >> not a single economist who talked to us in our hearings said we can't grow our way out of this thing if we had double digit growth for 20 years, you can't cut spending out of this. and you can't tax your way out of this baby. this is impossible. >> earlier today i spoke to the other co-author of the simpson-bowles plan, former white house chief o
MSNBC
Dec 5, 2012 11:00pm PST
in turmoil and second recession coming. number two, john boehner, the speaker is claiming he's met obama's demand for higher taxes for the rich. that's good. he agreed in principle the rich must pay more. number three, there's talk for the republican leaders that they could vote to continue the tax cuts for the 98% now and therefore avoid the fiscal cliff and put off for now the top 2%. and the question then, let the debt ceiling not take effect. a tax cut delayed i argue is a tax cut avoided. joining me with the republican defense highly tauted fan of the eagles, ed rendell and alex wagner of msnbc's "now." governor, i want you to read what's going on here. first speaker boehner defended the gop's tax proposal saying it does take a bite out of the rich but president obama held firm to tax rate hike on the wealthiest. let's listen to the back and forth. >> revenues we're putting on the table are going to come from, guess who? the rich. there are ways to limit deductions, close loopholes and have the same people pay more of their money to the federal government without raising tax rates,
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